When will we see another Bitcoin 4 week boom such as in 2017?

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Quote from: JollyGood on May 05, 2019, 06:25:35 AM

Between 17th November 2017 and 17th December 2017 the price of Bitcoin rose from around $7400 to $19300 (according to CMC)

Since that period when almost the whole market was riding high it came back down and hovered around £3000 for a long time. Now finding stability Bitcoin is around $5500 mark.

What next for Bitcoin? What are the market factors needed in pushing for another bull run or mass buying spree?

Very soon man, just endure throughout this year, and you will begin to see that kind of growth in the price of bitcoin in 2020, though I am not sure about this but if we see a bull run this year without any FUD stopping the growth we should experience, then I think we are going to see a spike in the price of coin next year, the spike will be so massive that we might see bitcoin at $100,000 or much more, the work we all have to do currently is to keep talking about the wonders of the crypto world and the bull run coming soon.

JollyGood

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Quote from: klaaas on May 05, 2019, 03:04:28 PM

The same drive can push it up to those values. People that are skeptic about it are witnessing that the trust is still there and is growing, it will give them the convince to step into bitcoin.

If it does happen, do you think it will happen in this year?

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Quote from: DeathAngel on May 07, 2019, 04:29:34 AM

I don’t know about a 4 week timescale but bitcoin definitely has at least one parabolic rise left before it becomes a more stable store of value (which obviously comes with maturity).

Hmm, I can pick that word maturity out there, I think this maturity path is what bitcoin has been following in its recent price movement, and probably why we are beginning to experience slow but steady increase in this price of bitcoin, and I want to believe that this matured way is the way it will stylishly use to rich its ATH.

I think the last bull run actually took 7 consecutive weeks as against the 4 weeks op mentioned. Do we really need to wish for that sharp increase again, this sharp increase is what kept us in the net of the bears for this long. If we go through that path again, the market might not recover this fast again.

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Quote from: YuginKadoya on May 05, 2019, 02:30:23 PM

We can say that we are in the bull run so far the far is intendedly spiking in a manner of waves it is really unpredictable and relying on past events may not outline to the one we have now, But I really think that we can have another spike just like it did when the price go to $5800 mark But in my opinion it will likely to fall in August or the month of September maybe? But for now, the price is resisting going to the $6000 USD so that was the month we can have a good trading price for bitcoin.

Well it has hit $6000 at the moment. Whether it will fall in August or September remains to be seen. What do you think the market conditions are for it edging -+ in nominal incremental amounts?

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Quote from: Xalata on May 08, 2019, 01:30:32 PM

I don't think there is going to be any bull run in the shortest possible time so it would not be advisable to really wait on it. Just ride with the market as it grows and make moderates profits out of the volatility that comes every now and then. i mean the pumps and dumps.

Well for me, I don’t see Bull run, all I see is a slow walk of bitcoin to its ATH, the time of speedy increase in price is long gone, the other one happened because that was the first of its kind and the first time every one of us will see that, which we contributed in the increase because of the way we FOMO.

Right now, we can see how people don’t respond to FOMO every time the bulls tried charging, the same type of spike that happened on the 1st of April this year is very similar to the one that happened when BTC increased to about $7k in the last spike before the bull started from there and people responded to its FOMO, but we can see now that not many people responded to this one because they would rather take their time now to be investing through proper analysis.

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I don't think there is going to be any bull run in the shortest possible time so it would not be advisable to really wait on it. Just ride with the market as it grows and make moderates profits out of the volatility that comes every now and then. i mean the pumps and dumps.

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I think getting people on the road and helping them join is more important than going that quickly. If you go to 20 thousand dollars tomorrow then many people will miss out on the increases and they will probably just watch us sell bitcoin for a lot of money while they themselves not get anything in return.

Nonetheless, if you do it slowly and go to 20 thousand dollars in 5 months instead of one month then there will be more people that join us on the road and profit from it. The more people there is that join us the less chance we will drop to lower prices once again. When there is only a few people that hold bitcoin on profits they will sell and we will drop quickly because it takes only a few to destroy the whole market. However if there are thousands of people profiting from it then only a few selling wouldn't hurt the market.

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Quote from: rhomelmabini on May 05, 2019, 04:03:46 PM

There are really patterns to be followed and if we are really on accumulation phase as what chart tells then I guess it's better to go get some bags by now rather than just see it in plain sight or wait for an ATH again this year.

I'd prefer doing some TA because somehow it tells decision and behaviour of the market, indeed if halving is nearing price is ridiculously increasing better to believe that way.

I think you will be wasting your time if you try to buy and sell according to graph charts and "patterns".

There is no scientific pattern to follow. It is simply trading, it is simply buying and selling at the right times.

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Quote from: JollyGood on May 05, 2019, 06:25:35 AM

Between 17th November 2017 and 17th December 2017 the price of Bitcoin rose from around $7400 to $19300 (according to CMC)

Since that period when almost the whole market was riding high it came back down and hovered around £3000 for a long time. Now finding stability Bitcoin is around $5500 mark.

What next for Bitcoin? What are the market factors needed in pushing for another bull run or mass buying spree?

I think that it is impossible to see a similar bull run like the one that we did in 2017.
In my opinion, there are a lot of individuals that are out of the market right now so we cannot see a huge inflow of money in the market as we experiences in late 2017. If we can't push the mass adoption to the next level then I am afraid that the bull run is not going to come.

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Quote from: Pattart on May 08, 2019, 05:38:36 AM

Quote from: JollyGood on May 07, 2019, 05:28:58 AM

Quote from: YuginKadoya on May 05, 2019, 02:30:23 PM

We can say that we are in the bull run so far the far is intendedly spiking in a manner of waves it is really unpredictable and relying on past events may not outline to the one we have now, But I really think that we can have another spike just like it did when the price go to $5800 mark But in my opinion it will likely to fall in August or the month of September maybe? But for now, the price is resisting going to the $6000 USD so that was the month we can have a good trading price for bitcoin.

Why do you think the price of Bitcoin will fall in August/September?

Maybe you are right and that will happen but what makes you say that? Is it a gut feeling or more from previous annuals graphs showing those statistics?

it's just his speculation, precisely if we are getting closer to halving then demand will increase that fact that I saw before. so in my opinion mid-year until the end of the year, maybe the price will go up. we might not see price movements like a 4-month boom like 2017, but at least prices will rise high enough at the end of the year

Hopefully that will be the trend before the entire 2019 ends, but who knows time still ticking and yet price growth really brought challenges for the past days. The situation still remains unpredictable and so hard for the price to increase faster, it's better slow than so quick to go down. Rising price felt so exciting when we see it growing eventually as we wake up with brighter and greener blockfolio.

JollyGood

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Quote from: WinslowIII on May 05, 2019, 03:21:52 PM

You just answered your own question why everyone doesn't buy and sell at the same time, they don't believe in the charts or the reasoning behind why they act like they do around the halvings. It's all economics though, less new supply equals higher price. The only way this cycle stops is if the demand for bitcoin crashes - which could happen.

Yes, those charts are not accepted as credible by many people.

In all economic forecasts the one I think is the most far-fetched and hard to believe is the theory behind "halvings".

In short it is a cycle, the price goes up and the price goes down - to make profit it is all about timings

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Quote from: JollyGood on May 07, 2019, 05:28:58 AM

Quote from: YuginKadoya on May 05, 2019, 02:30:23 PM

We can say that we are in the bull run so far the far is intendedly spiking in a manner of waves it is really unpredictable and relying on past events may not outline to the one we have now, But I really think that we can have another spike just like it did when the price go to $5800 mark But in my opinion it will likely to fall in August or the month of September maybe? But for now, the price is resisting going to the $6000 USD so that was the month we can have a good trading price for bitcoin.

Why do you think the price of Bitcoin will fall in August/September?

Maybe you are right and that will happen but what makes you say that? Is it a gut feeling or more from previous annuals graphs showing those statistics?

it's just his speculation, precisely if we are getting closer to halving then demand will increase that fact that I saw before. so in my opinion mid-year until the end of the year, maybe the price will go up. we might not see price movements like a 4-month boom like 2017, but at least prices will rise high enough at the end of the year

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We are going to still experiencing what happened in 2017 before end of 2020. Many speculators are saying bitcoin is heading towards $50,000 in the next boom and I do agree with them and we just need a trigger that will cause that to happen.

JollyGood

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Quote from: WinslowIII on May 05, 2019, 03:11:29 PM

Same as before, the year after the next halving. Pay attention to the past, it usually repeats for the same reasons.

I think those patterns are not fixed for all crypto. There is no single defining pattern, it cannot be predicted.

The "halving" calculations are probably one of the least accurate theories out there.

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I wondered too what would be the next biggest entity that would push the price again through the next ATH. Although we are in a bullish market yet it is not yet too bullish since there is a big Bitcoin halving that i guess most whales are waiting to set in and then BAAMs welcome to the new ATH.
Maybe Bitcoin would touch the new ATH at $30k to $40k or even more, idk yet but let's not bring all our hopes in there since it is just a speculative price.

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Quote from: klaaas on May 05, 2019, 03:04:28 PM

The same drive can push it up to those values. People that are skeptic about it are witnessing that the trust is still there and is growing, it will give them the convince to step into bitcoin.

People are probably sceptical about those investors that buy in bulk with the aim of playing the pumping and dumping game.

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Quote from: carter34 on May 07, 2019, 05:00:30 AM

Quote from: Jating on May 05, 2019, 07:50:37 AM

For me it's better to see the price slowly gaining, as compare to a massive spike that we have seen before the end of 2017.

Yes and you are quite right. A fast volatile increase for me is not guaranteed. This was what happened in 2017 before the crash and I have learnt my lesson on that, won't allow for a second mistake Grin

.

I prefer to see a steady and easy adding up in price and this is sustainable. Any over rating increase will spake the past for me. Shocked

Perhaps, if the price can increase slowly but surely, it will help people to make a nice strategy to buy and sell bitcoin, and they don't panic to see the price jumps too fast. That will make people confuse to place the order, and I am sure that many people will make a wrong decision related to placing the order.

I already saw a moment in 2017 ago which shows to me that many of my friends already selling bitcoin too fast because they are not expecting to see bitcoin price can jump to the highest price. They are regret to sell to quick because they are panic and they don't want to miss the chance to sell bitcoin.

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Quote from: YuginKadoya on May 05, 2019, 02:30:23 PM

We can say that we are in the bull run so far the far is intendedly spiking in a manner of waves it is really unpredictable and relying on past events may not outline to the one we have now, But I really think that we can have another spike just like it did when the price go to $5800 mark But in my opinion it will likely to fall in August or the month of September maybe? But for now, the price is resisting going to the $6000 USD so that was the month we can have a good trading price for bitcoin.

Why do you think the price of Bitcoin will fall in August/September?

Maybe you are right and that will happen but what makes you say that? Is it a gut feeling or more from previous annuals graphs showing those statistics?

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Quote from: Jating on May 05, 2019, 07:50:37 AM

For me it's better to see the price slowly gaining, as compare to a massive spike that we have seen before the end of 2017.

Yes and you are quite right. A fast volatile increase for me is not guaranteed. This was what happened in 2017 before the crash and I have learnt my lesson on that, won't allow for a second mistake Grin

.

I prefer to see a steady and easy adding up in price and this is sustainable. Any over rating increase will spake the past for me. Shocked

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I don’t know about a 4 week timescale but bitcoin definitely has at least one parabolic rise left before it becomes a more stable store of value (which obviously comes with maturity).

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